Calvary Online School
- Assets
- $353.3k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 21
- Location
- San Marcos, CA
- Founding
- 09/2014
- Data as of
- 06/2024
- EIN
- 46-3110493
Organization Overview
Calvary Online School, operating under the name Calvary Preparatory Academy, is located in San Marcos, CA. The organization was established in 2014. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2024, Calvary Preparatory Academy employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calvary Preparatory Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Calvary Preparatory Academy generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $1.1m during the year ending 06/2024. While expenses have increased by 15.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
CALVARY PREPARATORY ACADEMY PROVIDES STATE-OF-THE-ART COLLEGE PREPARATORY CLASSES TO STUDENTS IN ALL FIFTY STATES AND ABROAD IN A FLEXIBLE ACCOMODATING VIRTUAL ENVIRONMENT; ENABLING STUDENTS ACCESS TO AN INNOVATIVE CHRISTIAN EDUCATION REGARDLESS OF GEOGRAPHIC BARRIERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
409 STUDENTS SERVED BETWEEN SUMMER SCHOOL,AND REGULAR ENROLLMENT. GRADUATION 2024 WITH 47 GRADUATES.FULL TIME ENROLLMENTS AND PART TIME ENROLLMENTS. EXCEPTIONAL PERFORMANCE ON THE NATIONAL ASSESSMENT, NWEA MAP TESTING.STANDARDIZED ASSESMENT SCORES REFLECT EXCEPTIONAL LEVELS OF ACADEMIC PERFORMANCE AND YEAR TO YEAR GROWTH. FOUR YEAR AVERAGE ASSESMENT RESULTS REFLECT ACADEMIC LEVELS WELL ABOVE THE NATIONAL NORM.CONTINUE TO GROW IN ENRICHMENT OF SCHOOL CULTURE INCLUDING CLUBS, YEARBOOK, STUDENT LEADERSHIP. STUDENT LED SYMPOSIUM WITH KEYNOTE SPEAKERSUCCESWSFULLY RENEWED THE ACCREDITATION PROGRAM WITH MID-CYCLE VISIT.COMPLETED 4 OF 7 GOALS ON OUR SCHOOLWIDE ACTION PLAN. ONE ADMINISTRATOR COMPLETED A CLEAR ADMINISTRATIVE SERVICES CREDENTIAL, AND A LANGUAGE TEACHER COMPLETED A CLEAR SINGLE SUBJECT TEACHING CREDENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jared Beck President | Officer | 48 | $189,547 |
James Stretchberry Vice President | Officer | 0 | $0 |
Joseph Kniseley Secretaryfinancial Officer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $1,085,239 |
| Investment income | $3,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,094,097 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $193,948 |
| Compensation of current officers, directors, key employees. | $96,974 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $630,911 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,427 |
| Payroll taxes | $65,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,011 |
| Fees for services: Accounting | $7,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,074 |
| Information technology | $19,011 |
| Royalties | $0 |
| Occupancy | $4,425 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,766 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,515 |
| All other expenses | $0 |
| Total functional expenses | $1,117,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,817 |
| Savings and temporary cash investments | $337,510 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $353,327 |
| Accounts payable and accrued expenses | $20,664 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,945 |
| Total liabilities | $31,609 |
| Net assets without donor restrictions | $321,718 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $353,327 |